Guest Post | Advt. | Query: info@techrecur.com

Wendt India Ltd Standalone Q3 Sales up by 17% & PAT up by 51% | Consolidated Q3 Sales up by 19% & PAT up by 65%


Bangalore, 23rd January 2019: The Board of Directors of Wendt (India) Ltd met today and approved the unaudited financial results for the quarter and nine months period ended 31st Dec’2018.

On a standalone basis, the Company achieved sales of Rs.3643 lakhs during the quarter ended 31st Dec’2018 which is 17% higher than the corresponding period of last year. The domestic sales have been at Rs.2463 lakhs, which is 18% higher than the corresponding period of last year. The major industry segments which attributed to the growth of the domestic business were auto ancillaries, steel, bearings, ceramics, cutting tools etc. The export was 15% higher than the corresponding period of last year at Rs.1180 lakhs. This was due to higher sales to Germany, South Korea, Indonesia, Thailand, UK, Taiwan etc.

The Profit After Tax (PAT) for the current quarter has been higher by 51% at Rs.410 lakhs.  The good results in the form of revenue and net profit growth has been primarily on account of higher volumes, operational efficiencies, and product mix.

Accordingly, for the nine months ended 31st Dec’2018, the Company achieved total sales of Rs 10803 lakhs, which is 18% higher than the corresponding period last year with PAT of Rs 1305 lakhs, higher by 98% over the corresponding period last year.

On a consolidated basis, Company’s sales stood at Rs. 4285 lakhs for the current quarter which is 19% higher than the corresponding period of last year with the PAT of Rs.544 lakhs, which is 65% higher than the corresponding period last year.

Accordingly, for the nine months ended 31st Dec’2018, the Company achieved total sales of Rs 12542 lakhs which is 19% higher than the corresponding period last year with PAT of Rs 1541 lakhs, higher by 87% over the corresponding period last year.

In line with the previous years, the Board of Directors are pleased to declare an interim dividend of Rs 15 /- per share (150% on face value of equity shares of Rs 10/- each.) to the shareholders of the company.

About Murugappa Group

Founded in 1900, the INR 329 Billion (32,893 Crores) Murugappa Group is one of India’s leading business conglomerates. The Group has 28 businesses including nine listed Companies traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Shanthi Gears Ltd., Tube Investments of India Ltd., TI Financial Holdings Ltd and Wendt (India) Ltd.

Market leaders in served segments including Abrasives, Auto Components, Transmission systems, Cycles, Sugar, Farm Inputs, Fertilisers, Plantations, Bio-products and Nutraceuticals, the Group has forged strong alliances with leading international companies such as Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Sociedad Química y Minera de Chile (SQM),Yanmar & Co. and Compagnie Des Phosphat De Gafsa (CPG). The Group has a wide geographical presence all over India and spanning 6 continents.

Renowned brands like BSA, Hercules, Montra, Mach City, Ballmaster, Ajax, Parry’s, Chola, Gromor, Shanthi Gears and Paramfos are from the Murugappa stable. The Group fosters an environment of professionalism and has a workforce of over 35,000 employees.

For more details, visit www.murugappa.com

For further information, please contact

Rajesh Khanna                                       Sandhya Subramanian                                Vinod Kumar

CEO, Wendt India                                  Murugappa Group                                      Ogilvy PR

043440-405500                                     +91 9500072458                                         91-9840126179

rajeshkhanna@wendtindia.com          sandhyas@corp.murugappa.com               Vinod.kumar@ogilvy.com

Have any Question or Comment?

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

…… ……. … …

……… …. …….

….. …… ………

……. ….. …….

.. ……. …….. 0

buy! buy! CHEAP! Telefonie VoIP CHEAP! buy! buy! CHEAP!

.. ……. …….. .

buy! buy! CHEAP! Telefonie VoIP CHEAP! buy! buy! CHEAP!

Categories

……. ….. ……..

——————————————–

For the 2012 MLB period, we found an totals forecast Joao’s Renowned Over/Under João Zorro Gonçalves, Zcode Totals Pro, System of the time with progressions that have been successful over 98 98% ... We eventually perfected our over/under program ( Zcodesystemexclusive ), although it h-AS has brought years of investigation. Five Steps to Making a Winning MLB Method: 1. Execute appropriate cash management tools. 2. MLB rules that are comprehend. 3.Extensive testing back to make sure successful longterm results ...

——————————————–

There is always a challenge when you're dealing with the Foreign Exchange Market. That's just the nature of the beast. The best thing you can do is to learn about how the market operates as a whole so that you will be ready to meet these challenges. iq option penipu Never be misled by any profit gains in binary options. This is the number-one way traders end up losing their money and ultimately failing. Remember that the same things that make you laugh can make you cry in this market, and you can lose that $700.

——————————————–

Learning Polish has never been this fun and easy as with our podcasts Learn Polish with Polishpod101 Start today and become conversational in Polish in no time

——————————————–

The Best Website Agen Poker Resmi www.sakupoker.com Terpercaya come join

——————————————–

Do you need edmonton phone systems service ? Call complete communications today!

……… ……… .

——————————————–

High-tech solutions for easy start-up of your IPTV/OTT-business

——————————————–

——————————————–

If you want to purchase not only one item, you have a chance to enjoy privileges. There is a sale’ tab on the site which offers a fantastic range of reduced counterfeit watches and accessories, such as sunglasses, cufflinks, watch straps and pens. Luxury Jewelry Replica At MCA.MN On Sale You get a 5% discount if you buy two pieces, this discount increases to 10% if you buy 4 pieces or more. There is free international shipping on all orders on this site. We also offer customers a free return anytime with a 100% money back guarantee.

Archives

——————————————–